Chicago, IL – EnTrust Realty Advisors, LLC, has arranged the acquisition of the 62,000 SF Crystal Lake Medical Arts Building by American Realty Capital Healthcare Trust, Inc., a publicly-registered REIT that acquires and owns a portfolio of healthcare medical office buildings, seniors-housing and other post-acute care facilities.
Located at 360 Station Drive in Crystal Lake, the medical office building is anchored by Centegra Health System which occupies over 50% of the building. The building’s high-acuity medical tenancy includes an urgent care facility, imaging center, spine and pain care, urology, primary care, cardiology, pulmonary, sleep therapy, wellness, physical therapy and neurology. The building is situated between Centegra’s three major campuses in McHenry, Woodstock and Huntley.
According to James I. Clark III, EnTrust’s Managing Principal, “This transaction points to EnTrust Realty Advisors’ ability to source attractive, off-market opportunities. The fact that the building has such significant hospital tenancy and is 93% occupied with long-term leases makes it a stable and premier investment.”
Affiliated with EnTrust Realty Advisors, The Alter Group, one of the country’s largest full-service real estate firms, will retain the leasing and management of the asset.
An affiliate of The Alter Group, EnTrust Realty Advisors, LLC, specializes in the disposition and recapitalization of investment real estate through direct sales, joint ventures and structured financing. It distinguishes itself by dedicating personal care to providing fiduciary quality commercial real estate investment services from the simplest to the most complex transaction.
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